Global X Japan Co. Ltd. Buys 55,960 Shares of Intel Co. (NASDAQ:INTC)

Global X Japan Co. Ltd. raised its stake in shares of Intel Co. (NASDAQ:INTC) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,442 shares of the chip maker’s stock after purchasing an additional 55,960 shares during the period. Intel accounts for approximately 0.7% of Global X Japan Co. Ltd.’s holdings, making the stock its 28th biggest position. Global X Japan Co. Ltd.’s holdings in Intel were worth $5,336,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global Assets Advisory LLC purchased a new position in shares of Intel in the 1st quarter worth $4,442,000. Dynamic Advisor Solutions LLC grew its position in Intel by 0.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 83,017 shares of the chip maker’s stock worth $3,667,000 after acquiring an additional 350 shares in the last quarter. Brookstone Capital Management increased its stake in Intel by 65.2% during the first quarter. Brookstone Capital Management now owns 69,096 shares of the chip maker’s stock worth $3,052,000 after acquiring an additional 27,274 shares during the last quarter. RFG Holdings Inc. purchased a new stake in Intel during the first quarter valued at approximately $326,000. Finally, Revolve Wealth Partners LLC lifted its stake in shares of Intel by 21.0% in the 1st quarter. Revolve Wealth Partners LLC now owns 8,951 shares of the chip maker’s stock valued at $395,000 after purchasing an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INTC shares. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, August 2nd. Bank of America downgraded shares of Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Daiwa America raised Intel to a “hold” rating in a research note on Monday, August 26th. Finally, Cantor Fitzgerald reduced their price target on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.92.

Insider Activity

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, with a total value of $252,000.00. Following the transaction, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC opened at $22.40 on Wednesday. The firm has a market capitalization of $95.36 billion, a PE ratio of 23.33 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. The business’s 50-day moving average is $21.51 and its two-hundred day moving average is $27.71. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. Research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s payout ratio is presently 52.08%.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.